Professional auditors are frequently sued for audit failures for large sum of money. As a consequence, many registered auditors are not renewing their registration; the auditors are moving to other safer divisions of professional accounting firms like taxation and consultancy divisions

 

You are required to name and explain three steps that professional auditors could take to avoid audit litigation and audit failures?

Answer rating: 100% (QA)

To avoid audit litigation and failures professional auditors can take several steps to enhance their practices and reduce potential risks Here are three important steps they can consider 1 Improve Aud... View the full answer